Kerry Back
BUSI 721, Fall 2022
JGSB, Rice University
R = 30*12 # 30 years until retirement
T = 60*12 # 60 total years
g = 0.002 # deposit is 0.2% larger each month
B0 = 100000 # initial balance is $100,000
D1 = 1000 # initial savings is $1,000 (per month)
W = 10000 # withdraw $10,000 per month in retirement
mn = 0.005 # mean monthly return
sd = 0.04 # std dev of monthly return
nsims = 1000 # number of simulatedmean 1.250549e+06
std 1.061159e+07
min -1.768985e+07
10% -5.459511e+06
25% -3.479901e+06
50% -1.312272e+06
75% 2.701016e+06
90% 9.687868e+06
max 1.334897e+08
dtype: float64